Filing Details

Accession Number:
0001140361-14-031047
Form Type:
4
Zero Holdings:
No
Publication Time:
2014-08-06 16:13:41
Reporting Period:
2014-08-04
Filing Date:
2014-08-06
Accepted Time:
2014-08-06 16:13:41
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1604665 Westlake Chemical Partners Lp WLKP Industrial Organic Chemicals (2860) 320436529
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1299403 Albert Chao 2801 Post Oak Boulevard, Suite 600
Houston TX 77056
President & Ceo Yes Yes Yes No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Units (Limited Partner Interests) Acquisiton 2014-08-04 45,000 $24.00 45,000 No 4 P Direct
Common Units (Limited Partner Interests) Acquisiton 2014-08-04 1,436,115 $0.00 1,436,115 No 4 P Indirect TTWF LP & TTWF LP GP LLC Trusts
Common Units (Limited Partner Interests) Acquisiton 2014-08-04 45,000 $24.00 45,000 No 4 P Indirect Brother, James Chao
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 P Direct
No 4 P Indirect TTWF LP & TTWF LP GP LLC Trusts
No 4 P Indirect Brother, James Chao
Footnotes
  1. Purchased as part of the Directed Unit Program associated with the Issuer's initial public offering.
  2. In connection with the closing of the initial public offering of the Issuer, pursuant to that certain Contribution Agreement, by and between WPT LLC ("WPT") and the Issuer, WPT contributed a 5.76% limited partner interest in Westlake Chemical OpCo LP and a 100% membership interest in Westlake Chemical OpCo GP LLC to the Issuer in exchange for (i) 1,436,115 common units and 12,686,115 subordinated units, representing limited partner interests in the Issuer and (ii) the incentive distribution rights of the Issuer.
  3. WPT LLC ("WPT") owns 1,436,115 common units ("Common Units") and 12,686,115 subordinated units ("Subordinated Units") of the outstanding limited partner interests in the Issuer. Westlake Chemical Corporation ("Westlake") owns 100% of Westlake Olefins Corporation, which owns 100% of Westlake Chemical Investments, Inc., which owns 100% of Westlake Polymers LLC, which owns 100% of WPT. The reporting person may be deemed to indirectly own the Common Units and the Subordinated Units through his ownership interest in TTWF LP, a Delaware limited partnership through which the reporting person indirectly holds 92,010,554 shares of Westlake.
  4. Two trusts for the benefit of members of the Chao family, including the reporting person, are the managers of TTWF GP LLC, a Delaware limited liability company that is the general partner of TTWF LP. The limited partners of TTWF LP are five trusts, principally for the benefit of members of the Chao family, including the reporting person, and two corporations owned, indirectly or directly, by certain of these trusts and by other entities owned by members of the Chao family, including the reporting person. The reporting person shares investment and voting power with respect to the common units beneficially owned by TTWF LP. The reporting person disclaims beneficial ownership of the common units except to the extent of his pecuniary interest therein.
  5. The reporting person disclaims beneficial ownership of these securities and this report shall not be deemed an admission that the reporting person is the beneficial owner of the securities for purposes of Section 16 or for any other purpose.